Energy · Washington, D.C. · United States of America · October 24, 2026

Trump targets $6.2 billion offshore wind project

Reported by 1 outlet · first reported Oct 24, 11:00 AM ET

President Trump is targeting a $6.2 billion offshore wind project that is nearly complete. His administration has sought to halt several offshore wind projects. It has also paid companies to give up their leases off the US coast.

Why it matters

The move affects investors and power supply plans for coastal US states.

Background

The administration has prioritized fossil fuels over renewable energy. Offshore wind farms take years to build.

Sources

• OilPrice ↗Oct 24, 11:00 AM ET

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